M1 net profit increases by 4.5% to $164.1 million

Telco M1 on Monday posted a 4.5 per cent year-on-year increase in net profit to $164.1 million for year ended Dec 31. -- PHOTO: M1 By Irene Tham Telco M1 on Monday posted a 4.5 per cent year-on-year increase in net profit to $164.1 million for year ended Dec 31. Operating revenue grew 8.8 per cent to $1.06 billion, driven by higher mobile and fixed broadband service revenue and handset sales. Its total mobile subscribers grew by 104,000 last year to 2.015 million as at Dec 31, 2011. 'The coverage of the Next Generation Nationwide Broadband Network is expected to be nationwide by mid-year and the take-up of fibre services is likely to gain momentum,' said Ms Karen Kooi, M1's chief executive officer. Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus